Choppy trading is liable to dominate in the short term, especially with a lack of liquidity amid the peak holiday season. A significant shift in sentiment will be needed to overcome GBP/USD selling interest above 1.3000. In a joint statement over the weekend Chancellor Hammond and Trade Minister Fox stated that transition arrangements would not be a back door to stating in the EU and that the period would be time limited.Although evidence of greater unity within the Cabinet could underpin sentiment, there were further concerns surrounding underlying uncertainty. The latest CFTC data recorded a small net decline in ... (full story)